Florida-April 11, 2018 /RSS FEED -- Grand Capital Ventures Inc. (OTC PINK: GRCV) announced today that the Company has sent the paperwork to the State of Florida for filing the official reduction of its Authorized Shares from Six Billion Common Shares to Three Billion Common Shares. The authorized share count represents the number of common shares available for issuance. The reduction has taken effect upon the Company’s Resolution and should be posted with the state within five business days. Upon the state’s filing the Company’s Transfer Agent will reflect the reduction on its books. The company has also completed a transaction where One Billion, Two Hundred and Fifty Million Restricted Common Shares have been returned to the company for cancellation. The net result of the reduction of the Company’s Authorized and the return of the One Billion, Two Hundred and Fifty Million Restricted Common Shares is the company now has Three Billion Common Shares Authorized for issuance and Two Billion, Six Hundred and forty two million, Three Hundred and Ninety Eight Thousand and Three Hundred and Three Common Shares Issued and Outstanding. This number is subject to the company’s Transfer Agent accounting which should occur within the next few days; although the Company feels confident in the numbers. If the new number of issued is off it would only be off by a fewless than One Thousand Shares. These moves are representative of the Company’s commitment to enhancing shareholder value as a part of its goal of attracting subsidiaries that bring increased revenue and positive potential to the Company.
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